RBA interest rates: The oil shock sends bond yields soaring as Australia’s inflation fight takes a hit

A global firestorm has ripped through bond markets around the world as the escalating war in the Middle East sends energy prices soaring, stoking fears that a fresh wave of inflation will force interest rates higher.Investors say the violent sell-off underscores a grim new reality: government debt is no longer deemed a haven when price growth is accelerating.Loading...